Non-interest income and Non-interest cost

<strong><em>Non-interest income and Non-interest cost</em></strong>

Non-interest income ended up being $639 thousand for the 4th quarter of 2019, a small enhance of $7 thousand, or 1.1percent, set alongside the 4th quarter of 2018, and a decrease of $272 thousand, or 29.9%, set alongside the 3rd quarter of 2019. The decrease when compared to 3rd quarter of 2019 ended up being brought on by greater loan referral charge earnings throughout the quarter that is third.

Non-interest cost increased by $1.36 million, or 11.8%, into the 4th quarter of 2019 set alongside the exact exact exact same duration a year ago. The year-over-year enhance had been as a result of greater salaries and worker advantages cost, linked to a rise in staff required to support our continued development, merger and purchase costs, occupancy cost, and appropriate charges for watch list loans.

Ler mais